Warnings

TARP Watchdog: We’re Not Safe

It’s “extremely unlikely” that TARP funds will ever be repaid in full, according to the program’s inspector general, Neil Barofsky, and that may not even be the worst news he delivered on Friday. In an interview with the Huffington Post Investigative Fund, Barofsky says, “We may be in a far more dangerous place today than we were a year ago.” He says, “If you see what has happened since then, banks that were too big to fail are bigger than ever. … With government encouragement, some of the largest banks became larger and are more interconnected than ever.”